"Look, we made 'Baywatch' with the best of intentions," Johnson says. "It didn't work out like that, but I humbly and graciously accept my Razzie."

Johnson cracks himself up throughout the full mini-speech in the video (shared in the below tweet).

The Razzie given to "Baywatch" was an award sponsored by Rotten Tomatoes: "The Razzie Nom So Rotten You Loved It."

"That means the s--- sandwich you have been eating is so bad that you eventually started to like it," Johnson said.

The Rotten Tomatoes score for "Baywatch" was only 18% among critics and 56% for fans. The official Razzie Twitter account retweeted Johnson's video, saying "it takes a big man to pick up [the Razzie] and own his bad! That's love."